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Argentina: The vulture funds
In 2002, Anne Krueger, First Deputy Managing Director of the International Monetary Fund (IMF), floated the idea that countries can go bust, advanced her opinion about a possible international mechanism of sovereign debt restructuring, and when considering...
Is there a Role for Human Rights in a Free Trade World?
Up to 50,000 people a day die from poverty related causes with 22,000 of these fatalities being children under the age of five. The plight of the world’s most impoverished and vulnerable people have been further aggravated by the current global financial...
Putin Proposes Trade-Free Zone from Lisbon to Vladivostok
In a commentary published in Germany’s Sueddeutsche Zeitung, Russian Prime Minister Vladimir Putin proposed a stronger integration of economic ties between the European Union and Russia that would ideally lead to establishing a free-trade zone stretching...
China: The US is Insolvent and Faces Bankruptcy
A recent article in the Financial Times quotes the head of China’s biggest credit rating agency has said that the US is insolvent and U.S. credit ratings are a joke. “The western rating agencies are politicised and highly ideological and they...
Crisis: Blame It on Wall Street Hedge Funds
When inquired about the financial crisis, all European leaders had to say was; “Blame it on Wall Street hedge funds, it is their fault”. The argument states that investors made a few slippery bets on Greek debt, things didn’t go as expected and...
Germany’s debt crisis worsens
German chancellor Angela Merkel said on Wednesday that they are currently beefing up their effort to recover from a financial crisis that has put other nations’ eyes on Germany. Germany has slowly become one of the most indebted among European countries. The...
Debt rating of Spain suffers downgrade
Spain follows Greece’s footsteps into a severe debt crisis as Standard and Poor’s rating agency cut Spain’s debt rating following a possible further deterioration of Spain’s budgetary position. Spain’s long-term sovereign...
The Future of the U.S. Dollar
March 10, 2010 – FutureOfDollar.com © INTRODUCTION The World is concerned that the dollar cannot play the role of the main reserve currency any longer after the financial crisis sparked by the collapse of the U.S. mortgage market led to the worst...
World War III is imminent, who can solve the problem?
Can religion solve the huge global problems of humanity and the earth? Throughout the ages, society has challenged conventional belief systems to spur personal thought as well as public dialogue and debate. With today’s challenges it becomes urgently...
